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Mar 19, 2013
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the simpson-bowles commission set a 10-year deficit reduction goal as the amount of deficit reduction we needed to get our budget under control. the c.b.c. does not endorse the specific recommendations of that goal, but our budget does accept the overall spending limitations the deficit reduction goals. based on most analysis, we have already passed and the president has signed into law approximately $2.4 trillion in deficit reduction through 2022, not including the sequester and to reach the goal, we need an additional $1.6 trillion in deficit reduction. so working off the c.b.o.'s baseline, we first instruct the ways and means committee to enhance receive news by $2.7 trillion over the next 10 years. that is not an extraordinary figure. just a few weeks ago, we passed a $3.9 trillion extension in tax cuts. so going back over that and coming up with $2.7 trillion is within the realm of possibility. we just don't make the number up. we show $4.2 trillion in possible options in coming up with the $2.7 trillion. that would include limiting the deductibility of corporate interest payment
the simpson-bowles commission set a 10-year deficit reduction goal as the amount of deficit reduction we needed to get our budget under control. the c.b.c. does not endorse the specific recommendations of that goal, but our budget does accept the overall spending limitations the deficit reduction goals. based on most analysis, we have already passed and the president has signed into law approximately $2.4 trillion in deficit reduction through 2022, not including the sequester and to reach the...
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Mar 18, 2013
03/13
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they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any budget, whether it be the democratic caucus, the white house budget or the republican budget. we have doubled down on jobs in the c.b.c. budget. ms. brown: thank you, madam chair. mr. horsford: continuing on, as the chairwoman of the c.b.c. just talked about, the congressional black caucus budget is an alternative budget for the fiscal year 2014. it puts forth a plan that reduces the deficit by $2.8 trillion over the next decade and creates millions of jobs through significant investments toward job creation that will accelerate our econom
they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any...
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Mar 19, 2013
03/13
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we are nearly 4" in the deficit to 6.5" in a deficit. periods of light rain in the north bay tonight. most of us get our rain tomorrow morning. kristen? cheryl? >> thank you very much. in san francisco, the bart station at powell street is opened against after bart service was stopped. sky 7 was over the scene. the object was found at market street before 7:30 this morning. fortunately it was harmless and police cleared the scene after 8:00. >> there has been another set back for both world renowned chez panisse after a fire two weeks ago. we are learning the damage is much more extensive than originally thought. the owner and chef alice waters say it damned the downstair and upstairs porches. she says that the repair work will be more significant project since both areas will need to be demolished. she hoped to re-open the restaurant in mid-april but that is unlikely to happen now. >> relatives of a san jose man shot to death by police are outraged this morning. the officers say the man in a stolen car tried to run down an officer last
we are nearly 4" in the deficit to 6.5" in a deficit. periods of light rain in the north bay tonight. most of us get our rain tomorrow morning. kristen? cheryl? >> thank you very much. in san francisco, the bart station at powell street is opened against after bart service was stopped. sky 7 was over the scene. the object was found at market street before 7:30 this morning. fortunately it was harmless and police cleared the scene after 8:00. >> there has been another set...
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Mar 22, 2013
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they now claim their budget would eliminate the deficit in 2023. and house budget committee chairman paul ryan has even said that it doesn't really matter how their budget eliminates the deficit. mr. president, americans across our country who will feel the impact of the choices we make in the coming weeks and months feel that it does matter. so while some of my republican colleagues would probably prefer not to hear about it, i think that the impact of the house republican budget is a crucial part of this debate, and we owe it to the american people to put our opinions on the record. now we've come a long way, mr. president, but there are still far too many americans today who are unemployed or underemployed, which is why our senate budget's first priority is boosting our economic recovery. speaker boehner has actually agreed with president obama that our debt does not present -- quote -- "an immediate crisis." so you might think the house budget would phase in cuts responsibly so we can protect our fragile recovery. well, instead the house republ
they now claim their budget would eliminate the deficit in 2023. and house budget committee chairman paul ryan has even said that it doesn't really matter how their budget eliminates the deficit. mr. president, americans across our country who will feel the impact of the choices we make in the coming weeks and months feel that it does matter. so while some of my republican colleagues would probably prefer not to hear about it, i think that the impact of the house republican budget is a crucial...
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Mar 20, 2013
03/13
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any party, any household, any company that says is wants to reduce the deficit by meaning don't raise revenue are not serious about cutting the deficit. >> neil: even though we've raised revenue, bottom line. >> we should be willing to close tax loopholes if we didn't have a deficit, if we didn't have debt. it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because it's the rich that have unfair practice. >> neil: have you filled out your brackets? yes or no. have you filled out your brackets? >> no, i haven't done that. i'm going to leave that to the president. he may be late on that too. >> neil: i'm sorry. thank you very much. >> thank you, neil. >> neil: do you remember this? an interview i said senator paul and senator cruz were whacko birds. that's inappropriate and i apologize to them for saying that. >> neil: after that, senator cruz accepted that apology. is senator rand paul about to do the same? and as nevada mourns the death of seven marines, did their senator blame the
any party, any household, any company that says is wants to reduce the deficit by meaning don't raise revenue are not serious about cutting the deficit. >> neil: even though we've raised revenue, bottom line. >> we should be willing to close tax loopholes if we didn't have a deficit, if we didn't have debt. it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because...
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Mar 21, 2013
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miami overcame a 27-point deficit. and heat streaked by the cavs. in that process, notching the 24th straight win in their belt. >>> in the first-round of the ncaa tournament number 2, 16 seed and james madison university won to advance to the second round which starts tomorrow with 16 games. they will play top seed indiana friday. good luck in that. >>> then to number 13 seeds lasalle defeated boise state. they advance to the second round to face kansas state. >>> president obama, by the way, he filled out his ncaa brackets. and he predicted that number one louisville will make it to final four. he also chose ohio state, florida and indiana to win it all. >>> nfl chicago bears could not agree on a new contract for eight time pro bowl linebacker brian urlacher so he becomes a free agent after 13 years. and ed reed left the super bowl champ baltimore ravens after 11 seasons and signed with the houston texans. >>> tiger woods says he and lindsay vonn went public about their relationship so the paparazzi couldn't make as much money from pictures they t
miami overcame a 27-point deficit. and heat streaked by the cavs. in that process, notching the 24th straight win in their belt. >>> in the first-round of the ncaa tournament number 2, 16 seed and james madison university won to advance to the second round which starts tomorrow with 16 games. they will play top seed indiana friday. good luck in that. >>> then to number 13 seeds lasalle defeated boise state. they advance to the second round to face kansas state. >>>...
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Mar 21, 2013
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managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this. you're not using smoke and mirrors. you're using a realistic baseline in order to do the deficit reduction. it's achievable. it's doable. it's credible. and you deal with tax expenditures. one more point about tax expenditures, senator coons, because you're exactly right. we have provisions in the spending programs of this country that invest in energy security, and that's subject to sequestration because it's an appropriation bill, but we have provisions in the tax code that gives special breaks to the oil and gas industry. these are expenditures. these are revenues that we're hemorrhaging. they
managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this....
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Mar 20, 2013
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on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very wealthy people. so the republican plan, they said we'll get rid of your tax expenditures for high-income people, but we'll bring down your top rate. so in the end the folks at the top get a very big windfall. we say let's eliminate some of those tax breaks for very wealthy people in order to help reduce our deficit, so when you combine that savings with targeted cuts, you can reduce it in a balanced way rather than increasing the tax burden on the middle class which is what their budget will do. we also want to make sure we keep our commitments to our s
on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very...
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Mar 22, 2013
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our deficit isn't up to that. >> shepard: what do you make of the parity this year? last year there were a few teams. this year i don't have a clue. >> that's the thing. that's why it's so interesting this year. last year there was a rabbit, kentucky in years past, duke, north carolina. this year there's no one to chase. gonzaga had the toughest time of any number one seed in 16 years last night when they just won by six points. it's really, really tough. every team that has ascended to number one has fallen off, gotten knocked off. so it's really just a wide-open thing here this year, and really 20 teams have a legitimate chance of this. >> shepard: 20. incredible. i wonder what your sense is for what makes a difference. i always thought an older, experienced back court that handles the ball well is what you need in the tournament. but there's more to it than that, of course. >> it's changed so much. used to be these guys would stick together four years. now it's one and done, so it's usually the best player who has the best chance. the problem here this year is the
our deficit isn't up to that. >> shepard: what do you make of the parity this year? last year there were a few teams. this year i don't have a clue. >> that's the thing. that's why it's so interesting this year. last year there was a rabbit, kentucky in years past, duke, north carolina. this year there's no one to chase. gonzaga had the toughest time of any number one seed in 16 years last night when they just won by six points. it's really, really tough. every team that has...
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Mar 26, 2013
03/13
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at least we have a budget now and at least democrats now can show that deficit reduction can be done responsible. responsibly. >> the lack of a bunt has been an effective talking point for republicans. why do you think they haven't reached an agreement? >> because they're democrats. they have a hard time reaching an agreement about anything. that's why they're democrats. the progressive caucus shows that it is possible to reduce the budget deficit by taking even more away from big corporations reducing corporate welfare to an even larger extent reigning in tax loopholes, and so-called tax expenditures. the democratic budget and senate budget is a very good place to begin. i think the progressive caucus's budget is much better. >> analysts are saying this budget is to the left of obama. many on the left would say we should have expected that. does this give the president the opportunity to bring people together and get some sort of grand bargain by throwing things less liked under the bus. >> there is not going to be a grand bargain. the right wing controls the republican party. the t
at least we have a budget now and at least democrats now can show that deficit reduction can be done responsible. responsibly. >> the lack of a bunt has been an effective talking point for republicans. why do you think they haven't reached an agreement? >> because they're democrats. they have a hard time reaching an agreement about anything. that's why they're democrats. the progressive caucus shows that it is possible to reduce the budget deficit by taking even more away from big...
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Mar 19, 2013
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the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast that a bit. our responsible approach to what the senate democrats have done, for example. next year alone the senate democrat budget increases spending by $162 billion above what we are spending today. over 10 years, increases the delebt by $7.3 trillion from today's levels despite a massive tax hike that they have. and it adds $1.5 trillion in new taxes. even after that, they still add to the debt, our kids' debt by $7.3 trillion. and again, mr. chair, it never balances. after four years and $6 trillion in debt since a budget was last even passed, the senate democrats' proposal leaves more debt a
the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast...
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Mar 21, 2013
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we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan to grow our economy or create jobs. no plan to ever balance the budget. take more. trillions of dollars more to spend more in washington. that's what got us in this mess in the first place. so what can be done? the good news is that we now have a vehicle for regular order. the democrats derailed the budget process each of the last few years and stopped governing when they stopped budgeting. at least we now have a budget process that's moving. we brought them back in the game this spring. that's a good thing. so what's going to happen in the we
we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan...
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Mar 21, 2013
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this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the budgets of the budget blueprints of the republicans in the house and the democrats in senate and republicans want to restrain spending and democrats want to continue to blow up the budget and eventually, over the decade add 1 trillion dollars of new taxes. >> sean: yeah, so 1 trillion in new taxes over ten years, a trillion dollars, this is like they know no other way, all right? that's point one, but yet, they still will give us almost trillion dollar deficits as far as the eye can see throughout the entire ten-year period. here is the big issue though, i want to see obamacare repealed, but it's not going to happen through paul ryan's budget plan. the republicans, if they want that to happen, to get ryan's plan through, they're going to h
this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the budgets of the budget blueprints of the republicans in the house and the democrats in senate and republicans want to restrain spending and democrats...
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Mar 20, 2013
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that now puts us in a deficit for the calendar year at 6.88. so one of the driest calendar years on record in the bay area. let's get you outside to the live sky network. many of you will get less in san jose, a few raindrops will help the allergies and air quality. foster city, you can see pointed toward the coastline some of those shower cells we tracked offshore. that will eventually move in for you. and in san francisco we've had a little bit of drizzle off and on at the immediate coastline. eventually, yes, we'll get that rainfall here as well. let's get a look at tpattern. this area of low circulation is out in the pacific, associated cold front. the main thing driving all of this moisture right now is this subtropical push of moisture. this would normally produce 1 to 3 inches of rainfall, but it's lacking some of the upper level dynamics we mentioned yesterday so, yes, we're going to have a decent round of some rain, but it's not going to be the strongest storm of 2013. throughout the night, we'll get showers we tracked offshore moving
that now puts us in a deficit for the calendar year at 6.88. so one of the driest calendar years on record in the bay area. let's get you outside to the live sky network. many of you will get less in san jose, a few raindrops will help the allergies and air quality. foster city, you can see pointed toward the coastline some of those shower cells we tracked offshore. that will eventually move in for you. and in san francisco we've had a little bit of drizzle off and on at the immediate...
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Mar 21, 2013
03/13
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when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of this country is disappearing, and we have 46 million people living in poverty. so common morality, basic morality says who do you ask most significant throeu help with deficit reduction? do you tell annoyed worker who is trug -- do you tell an unkphroeud -- do you tell an unemployed worker we're going to balance the budget on your back or do you say to a huge profitable corporation that in some cases is paying nothing in taxes, we're going to ask you to help us with deficit reduction? mr. president, it is important for us to do what we do too rarely on the floor of the senate: take a hard look
when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of...
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Mar 19, 2013
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. >> do you think the war is to blame for the deficits we see these days? >> no. it's really not. if you look at where defense spending is today either as a percentage of the economy or budget, it's below post-war norms. under the president's budget it will fall more rapidly. the main cause that we saw today of the explosive growth in spending over ten years, president obama made that worse although the republicans in congress ten years ago didn't cover themselves and the changing face of america. we have many more now supported by workers for the retirement programs and a noble important purpose. they need to be preserved for the next generation. >> you are a proud veteran and something i find to be interesting to some degree of polling is the lack of availability for benefits for those who have served so nobly and come home. i want to put up the stats for you. veterans affairs data. 600,000 veterans have benefits and 245,000 have benefitings back lock logged aier or more. the average is 273 days. the first time claimants from iraq and afghanistan, the average wait is 316 days. h
. >> do you think the war is to blame for the deficits we see these days? >> no. it's really not. if you look at where defense spending is today either as a percentage of the economy or budget, it's below post-war norms. under the president's budget it will fall more rapidly. the main cause that we saw today of the explosive growth in spending over ten years, president obama made that worse although the republicans in congress ten years ago didn't cover themselves and the changing...
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Mar 19, 2013
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speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr. speaker, i rise today to honor an exceptional hoosier, dedicated public servant and a good friend of mine, martin. a man with a strong desire to help others and a man who has been a tremendous asset to the eighth district of indiana. martin has dedicated over 40 years of service to indiana, the eighth district, and to the republican party. he's currently serving his fourth term in elected office as county treasurer. he worked with many civic organizations and within the republican party, committee chairman and member of the eighth district central comm
speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr....
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Mar 19, 2013
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reduction a year when last year our deficit was $1.2 trillion. so this budget plan increases taxes, it increases spending over our current rate and it does nothing to change the debt course of america. we need a plan that can balance the budget. we can do that and still increase spending every year. it will balance in ten years if we stay disciplined, but that's not the plan that's on the floor, and our colleagues need to study it and do not need to be voting for a plan that makes no change in our debt course, that does not create quote but simply borrows more. i thank -- i see my colleague, the democratic whip, i will call him, and would appreciate the opportunity to share these remarks and would yield the floor. mr. durbin: mr. president? the presiding officer: the senator from illinois. mr. durbin: i thank my friend from alabama for yielding. i have 13 unanimous consent requests for committees to meet during today's session of the senate. they have the approval of the majority and minority leaders. i ask unanimous consent these requests be ag
reduction a year when last year our deficit was $1.2 trillion. so this budget plan increases taxes, it increases spending over our current rate and it does nothing to change the debt course of america. we need a plan that can balance the budget. we can do that and still increase spending every year. it will balance in ten years if we stay disciplined, but that's not the plan that's on the floor, and our colleagues need to study it and do not need to be voting for a plan that makes no change in...
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Mar 26, 2013
03/13
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they are making up a billion dollar budget deficit. >> stockton, california now. the largest u.s. city to file for bankruptcy. lawyers for the central valley city of 300,000 people are filing chapter 9 to see how it will pay in the pension fund which is the top debt. >> we have stories you can bank on this morning. bad news for your wallet. while many of us are making less than we were four years ago, joining us now to explain why is lauren simonetti from the fox business network. >> what's the primary reason here? >> there is a few reasons mostly because it costs more money. i am going to show you some numbers. they are really startling. when it feels like we are not making money we always say that. when you look at the data we are not. median household income is over 51,000 dollars. take a look at that on a time line. 6 percent less than when the economic recovery began in summer of 2009 and less than when the recession started. obviously we are not making enough money. all of this data comes from research. they also say one of the key reasons speegsly now because - especially n
they are making up a billion dollar budget deficit. >> stockton, california now. the largest u.s. city to file for bankruptcy. lawyers for the central valley city of 300,000 people are filing chapter 9 to see how it will pay in the pension fund which is the top debt. >> we have stories you can bank on this morning. bad news for your wallet. while many of us are making less than we were four years ago, joining us now to explain why is lauren simonetti from the fox business network....
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Mar 18, 2013
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obama is out there saying i'm cutting the deficit. we need to get angry because the american people are angry and obama is lying to you. we need to make that very, very clear. that's right! \[applause] >> the white house belongs to the conservative and anger is not what it takes. it takes an understanding of who obama is and what he is up to. what he is up to he does very well. hen wants to take this -- he wants to take this country to a state of socialism, which has not been achieved but it came close during the nixon administration. obama is doing what he thinks is good for america. all of us know that every time that has been tried the opposite has happened. people become poorer. except for the few elite at the top who run the political system. obama is doing a good job of trying to achieve socialism in america. the task of conservatives is to do a better job of explaining why socialism doesn't work and why free markets do work. without using the cord compassion but explaining why compassion is capitalism. >> it has to be done on a
obama is out there saying i'm cutting the deficit. we need to get angry because the american people are angry and obama is lying to you. we need to make that very, very clear. that's right! \[applause] >> the white house belongs to the conservative and anger is not what it takes. it takes an understanding of who obama is and what he is up to. what he is up to he does very well. hen wants to take this -- he wants to take this country to a state of socialism, which has not been achieved but...
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Mar 20, 2013
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. >> unfortunately not enough to make a huge dent in our deficit but check out what we are seeing it is much needed moisture. the rainfall is widespread but now becoming more scattered in nature. we're still seeing some returns, light showers down to novato, lucas valley, san rafael and other parts of the bay area. san francisco, we are seeing a few showers heading down to south san francisco and bayshore boulevard. mission street, around linda mar boulevard and light returns. east bay, more widespread in the east bay, livermore, 580, san ramon valley, walnut creek, concord we're seeing showers around coweml road. south bay, showers are really starting to let up. spotty returns around sunnyvale and cupertino. i'll be back to let you know how much rain we'll receive and how long you'll need the umbrellas. >> dan: nice to get a little rain. >>> move next to the tragedy in the nevada desert and the death of seven marines when a small mortar they were using exploded. a vigil was held tonight. [ "taps" playing ] >> dan: this took place at utah shorn army depot in nevada. abc news reporter
. >> unfortunately not enough to make a huge dent in our deficit but check out what we are seeing it is much needed moisture. the rainfall is widespread but now becoming more scattered in nature. we're still seeing some returns, light showers down to novato, lucas valley, san rafael and other parts of the bay area. san francisco, we are seeing a few showers heading down to south san francisco and bayshore boulevard. mission street, around linda mar boulevard and light returns. east bay,...
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Mar 18, 2013
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deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in mind that two weeks away they have to come up with a continuing resolution by march 27. bill: as ryan says, at least there is baseline for comparison between the two sides. we'll get into that in just a moment here. thank you, kelly wright on the north lawn. martha. martha: the senate then is expected to pick up the debate over the budget proposal from senator patty murray this week. that is due on april the 1st. for a little bit of background and context here, it has been four years, 1419 days to be exact since the last time that the senate passed a budget resolution. that is not a budget. just sort o
deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in...
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Mar 21, 2013
03/13
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we have cut already huge amounts of money in deficit reduction. it's just not appropriate. all right. mr. president, that our military can't train and do the maintenance necessary, tieing it directly into the sequester. these men and women, our marines, were training here in hawthorne and with this sequester is going to cut this stuff back. now, beckel, please, he is he doing -- is he exploiting, is he making the sequester the issue in the training accident. >> let me say one thing to you. he may be exploiting it but, o'reilly, here is the difference. he did not say -- you read that thing. did he not say -- he said in the future this could be a similar situation could happen. >> bill: he didn't say the future. >> he did not link the two of these together. it's semantics. let's not waste the time. his timing was bad. his timing was terrible. >> bill: when the email come in i guarantee you it's going to be 100 to 1 against you on that issue. >> what else is new? >> bill: not going to have anything to do with politics. people hear what is said. >> i understand that. >> bill: t
we have cut already huge amounts of money in deficit reduction. it's just not appropriate. all right. mr. president, that our military can't train and do the maintenance necessary, tieing it directly into the sequester. these men and women, our marines, were training here in hawthorne and with this sequester is going to cut this stuff back. now, beckel, please, he is he doing -- is he exploiting, is he making the sequester the issue in the training accident. >> let me say one thing to...
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Mar 20, 2013
03/13
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the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee. defense is cut by an additional quarter of a trillion dollars. a cut by an additional quarter of a trillion dollars over the sequester cuts we already had and over the reductions the defense department voluntarily took upon itself during the last budget process. i come before this body before, mr. chairman, and encouraged this body in a bipartisan fashion to look to the defense department as possible ways to save money. under the belief there must be some money in the defense department that can be saved in a responsible fashion. what the senate has done goes so far beyond
the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee....
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Mar 20, 2013
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it claims that it reduces the deficit over 10 years by $1.5 trillion. that is not correct. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. bill: there's a top republican senator now demanding answers from the fbi director after not being briefed on their benghazi investigation for the last six months. four americans died in the assault on the u.s. consulate including our ambassador chris stevens. senator susan collins says she wants some simple questions answered. quote, are any of the suspects believed to be responsible for the deaths of these four americans including ambassador stevens in u.s. or libyan custody? how many suspects in the attacks are still at large? a few other questions after that. virginia republican congressman frank wolf has been fighting for answers in benghazi. he is our guest now. sir, good morning, welcome back. >>
it claims that it reduces the deficit over 10 years by $1.5 trillion. that is not correct. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. bill: there's a top republican senator now demanding answers from the fbi director after not being briefed on their benghazi investigation for...
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Mar 18, 2013
03/13
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make sure we have deficit reduction but don't cut too much too fast. >> dick durbin also optimistic they can move forward. as congress grapples with developing a budget it must deal with another problem that looms it has to pass a continued resolution before march 27th to avert a government shut down. heather, they go on break at the end of this week. we will see what happens. >> of course they do. they are always going on breakdown there. >>> it is time for your first degree weather update with ma r maria molina. >> maria is in the weather center tracking another storm. is that right? >> yes. a brand new storm impacting portions of the upper midwest today and we are expecting to see snow from the same system into the northeast as we height. we could be seeing significant accumulations especially across places in new england. want to start out with high temperatures. we are seeing wild disparities as far as the temperatures go. take a look at minneapolis. 30 degrees for the high temperature today. it will feel more like january than march. in san antonio you could see record heat 93 degr
make sure we have deficit reduction but don't cut too much too fast. >> dick durbin also optimistic they can move forward. as congress grapples with developing a budget it must deal with another problem that looms it has to pass a continued resolution before march 27th to avert a government shut down. heather, they go on break at the end of this week. we will see what happens. >> of course they do. they are always going on breakdown there. >>> it is time for your first...
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Mar 20, 2013
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according to the weekly standard after running deficits 350,000 a year for years. the senate hair care center is going private. and according to the sergeant at arms who is responsible for trying out the new model, government subsidized haircuts shaves and shine will be a thing of the past and you the taxpayer will no longer foot the bill for the grooming of your senators. the american taxpayers have forked over 5.25 million dollars for, yes, senate hair care. pretty unbelievable, or maybe not. because we do know how important the perfect haircut is well, to certain senators. remember john edwards? remember this? ♪ i feel pretty, oh so pretty ♪ ♪ i feel pretty and witty and bright ♪ ♪ >> oh, what a classic. that's all the time we have left this evening. as always, thank you for being with us. let not your heart be troubled, the news continues. greta is next and see you back here tomorrow night. greta, take it away. >> greta: this is a fox news alert. an 8th marine has died after a mortar shell explosion during a training accident in nevada. several marine
according to the weekly standard after running deficits 350,000 a year for years. the senate hair care center is going private. and according to the sergeant at arms who is responsible for trying out the new model, government subsidized haircuts shaves and shine will be a thing of the past and you the taxpayer will no longer foot the bill for the grooming of your senators. the american taxpayers have forked over 5.25 million dollars for, yes, senate hair care. pretty unbelievable, or maybe not....
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Mar 18, 2013
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so is the deficit really the most thant thing? is the deficit out of control, or is job korea payings more important? >> chris van hollen is right. we have over 40 million american families living in poverty. these numbers carry with them a really human toll. so if we want to be looking at the long-term success of the u.s. economy, then balancing the budget in the short term is a really short-term mistake. >> bill: in other words the best thing we could do to grow the economy is put people back to work. >> yes, and make the sorts of investments that will get people to work today, take a look at pre-k. you are not only employing a lot more full-time teachers but at the same time you are investing in future workers. >> bill: how can it be that you have got -- again, the dough -- these new record highs, corporate profits record high financial institutions are back on their feet and making as much money as they made before and maybe even more so where is all of the money going? >> corporations have been sitting on a lot of funds. so t
so is the deficit really the most thant thing? is the deficit out of control, or is job korea payings more important? >> chris van hollen is right. we have over 40 million american families living in poverty. these numbers carry with them a really human toll. so if we want to be looking at the long-term success of the u.s. economy, then balancing the budget in the short term is a really short-term mistake. >> bill: in other words the best thing we could do to grow the economy is put...
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Mar 19, 2013
03/13
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we'll be able to make up some of the average, but running a deficit into april. we're not doing that bad. it could be worse, as you know. we stop the clock for you at 2:00 p.m. santa rosa to novato. a stray shower, not expecting much until the evening commute home. we stop the clock at 5:00 p.m. antioch to san jose and the santa cruz mountains. and the showers will become a lot lighter. and clearing you out for the second half of the day on wednesday. but today, because we're still on the warm side of that system and it's taken its time, we're going to hit 59 inland. 63, stick around. i'll time out the storm system to your doorstep with my future cast coming up. i've got the seven-day outlook. you might be thinking about the weekend right about now. you have to work for it, though. >> you can think about the weekend while you're waiting at the bay bridge. it's starting to build here. fast track, no time for daydreaming. don't daydream on the roads anyway. we're looking at the maps. the map, we see a maze with a flow of traffic. oakland, it slows a bit at 980 to 8
we'll be able to make up some of the average, but running a deficit into april. we're not doing that bad. it could be worse, as you know. we stop the clock for you at 2:00 p.m. santa rosa to novato. a stray shower, not expecting much until the evening commute home. we stop the clock at 5:00 p.m. antioch to san jose and the santa cruz mountains. and the showers will become a lot lighter. and clearing you out for the second half of the day on wednesday. but today, because we're still on the warm...
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Mar 19, 2013
03/13
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we are more than 3" in a deficit including san francisco, and livermore, and 6.5" in santa rosa. we will not make that up but we have a little bit in the way of rain coming our way. we will look down and you can see the temperatures are close to where they were yesterday, but the only cool spot is santa rosa and that is the best area to see measurable rain during the afternoon and into the evening hours. as we head tomorrow, we will have rain and then scattered showers and look at spring warmth for thursday and friday. >> good morning, the three worst commutes are jammed. westbound 80 at carlson, no, excuse me, a sig-alert at westbound four in the pittsburg area, three left lanes with multi-cars and a big rig and it is jammed. we have westbound 80 at carlson which is cleared but slow back to hilltop and richmond parkway is a good alternate and in livermore, look at your drive times if you are headed out, westbound 580 under an hour and westbound 4, 71 minutes to concord and over an hour from highway four to the macarthur maze. a rough one out this. >> the alameda food bank is war
we are more than 3" in a deficit including san francisco, and livermore, and 6.5" in santa rosa. we will not make that up but we have a little bit in the way of rain coming our way. we will look down and you can see the temperatures are close to where they were yesterday, but the only cool spot is santa rosa and that is the best area to see measurable rain during the afternoon and into the evening hours. as we head tomorrow, we will have rain and then scattered showers and look at...
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Mar 19, 2013
03/13
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so we're right there in a balanced approach for deficit reduction. where the republicans, it was the same thing that romney ryan were proposing before. talk about lessons learned. they may have learned some lessons on immigration reform. they're totally stuck in their own mud when it comes to the budget. >> on the sequester, it seems that for all intents and purposes that will continue to be the law of the land. we're going to pass a government funding bill out of congress. hopefully by the end of this week to avert a government shutdown on march 27th. you mentioned on the conference call two days ago that there really, or yesterday, rather, there's probably no, there's nothing to avert the sequester or replace it, unless there's a large-scale agreement put in place by perhaps the president and speaker boehner by august. is that the truth? should americans really feel that the sequester is here to stay? at least through the rest of this fiscal year? >> well, yeah, there two questions there. unfortunately, it looks like it's here to stay, at least for
so we're right there in a balanced approach for deficit reduction. where the republicans, it was the same thing that romney ryan were proposing before. talk about lessons learned. they may have learned some lessons on immigration reform. they're totally stuck in their own mud when it comes to the budget. >> on the sequester, it seems that for all intents and purposes that will continue to be the law of the land. we're going to pass a government funding bill out of congress. hopefully by...
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Mar 19, 2013
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there is something unique in the baseline where deficits go down to the mid part of the next ten years and then go right back up. what we want to do is get them on a downward path and keep them down. we not only balance the budget, we go into surpluses and pay off the debt. >> brian: here is chris van hollen. he seems to disagree with everything you say. here is an example. >> i'm used to that. >> let me focus first on what our budget focuses on, which is not just economic growth in jobs in the future, but jobs in economic growth now and in the future. this republican budget is not balanced in ten years. >> brian: is he right? is it not in balance? >> no, it does balance in ten years. they're throwing new meaning to the word balance. they say they're taking a balanced approach. the problem is their balanced approach never, ever balances the budget. from what murray and van hollen's standpoint, a balanced approach is another tax increase, only followed up with more spending increases. they think that's the balanced approach. we actually balance the budget by cutting spending and not rai
there is something unique in the baseline where deficits go down to the mid part of the next ten years and then go right back up. what we want to do is get them on a downward path and keep them down. we not only balance the budget, we go into surpluses and pay off the debt. >> brian: here is chris van hollen. he seems to disagree with everything you say. here is an example. >> i'm used to that. >> let me focus first on what our budget focuses on, which is not just economic...
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Mar 21, 2013
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the district plans to close more than 50 elementary schools, trim $400 million budget deficit believed to be the largest ever in one place at one time in the country. the head of the chicago public schools says that the district must consolidate to get students into higher-performing schools. >> if your cup of coffee is not doing the job, now you have a way to get a super pick me up. a company is coming out with a product that contains twice the caffeine you find in a normal cup. the makers say that a blended bean from indonesia, ethiopia, and south america to brew their neck snapping cup of joe. those are their words, and it is selling on amazon for $20 a bag. "good morning america" will have more on "death wish" at 7:00. that is the name of the coffee. >> okay, is your insurance paid up? >> drink this, sign this. >> okay, we will check with meteorologist, mike nicco, and the bay area forecast. >> temperatures will rebound and we will climb if tomorrow and through the weekend we have a lot of spring warmth. it looks like we are going to have a lot pollen out this, also the rain we had
the district plans to close more than 50 elementary schools, trim $400 million budget deficit believed to be the largest ever in one place at one time in the country. the head of the chicago public schools says that the district must consolidate to get students into higher-performing schools. >> if your cup of coffee is not doing the job, now you have a way to get a super pick me up. a company is coming out with a product that contains twice the caffeine you find in a normal cup. the...
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Mar 18, 2013
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giants erased a 7-4 deficit and has some her row ricks. there was a three-run walkoff homer and giants win it big. 9-1 your final. a little golf and tennis coming up in the newscast and see you then. >> can't wait for the tennis wrap up from indian wells. >>> still to come on abc7 news at 11:00, just days away from his official installation, pope francis continues to show his humble side and grows legions of fans in the process. and new concerns about sea lion pups washing ashore this behind this disturbing new trend? and a business of a scoop from a pregnant duchess of cambridge. what she is saying today about the sex of her baby. we'll be right back. >>> good evening, everyone. i'm carolyn johnson. ama dates has the night off. in tonight's headlines, an emotional candlelight vigil in santa rosa for a 14-year-old boy kigic car tragic car racing accident. marcus johnson died yesterday when he was hit by a sprint car driven by his 17-year-old cousin at a marysville racetrack. >>> a motorcycle driver is dead in walnut creek following a traff
giants erased a 7-4 deficit and has some her row ricks. there was a three-run walkoff homer and giants win it big. 9-1 your final. a little golf and tennis coming up in the newscast and see you then. >> can't wait for the tennis wrap up from indian wells. >>> still to come on abc7 news at 11:00, just days away from his official installation, pope francis continues to show his humble side and grows legions of fans in the process. and new concerns about sea lion pups washing ashore...
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Mar 19, 2013
03/13
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CNNW
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we say, let's take some of that revenue to help reduce the deficit, combined with other targeted cuts. >> be more specific for me. when you talk about tax loopholes and the very wealthy. which specific loopholes and what is very wealthy? >> sure, sure, these are, when you're in the highest tax bracket, you're in the 39% tax bracket when you get a deduction, whatever it may be for, you get 39 cents worth of deduction. whereas somebody who is in the 28% tax bracket only gets 28 cents deduction for that particular deduction. so what we're saying and this is similar to a proposal the president's put forward, is that for folks who are in that very high bracket, the 39% bracket, the value of your deductions will be limited to about 28% which is what the value of deductions is for a middle income taxpayer. >> so ultimately, the budget that you have there and i just read the little chunk of it, you have more revenue increases than cuts, right? >> within, within this particular budget, but if you look, soledad, at the two-year period of reduction we've been engaged in, which is -- includes the
we say, let's take some of that revenue to help reduce the deficit, combined with other targeted cuts. >> be more specific for me. when you talk about tax loopholes and the very wealthy. which specific loopholes and what is very wealthy? >> sure, sure, these are, when you're in the highest tax bracket, you're in the 39% tax bracket when you get a deduction, whatever it may be for, you get 39 cents worth of deduction. whereas somebody who is in the 28% tax bracket only gets 28 cents...
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Mar 22, 2013
03/13
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and also the idea that the federal government can't have a deficit, it's crazy. the republicans have somehow adopted this and sold the american people that the most important thing facing this congress and country is to balance the federal budget. no, it's not. how about creating jobs? how about repairing our infrastructure? repairing our bridges and our highways and sewage treatment plans and all of that? how about investing in new energy projects and new medical advances and a cure for cancer? that's a hell of a lot more important than balancing the freakin' budget. that's the first thing wrong with this ryan budget. the second thing is that the ryan budget destroys medicare. still does. we talked about it this is the same damn budget that they passed two years ago, that they passed last year. it would shut down medicare for anybody who is not already in it, cut benefits for those who are, but shut down medicare for anybody who is not in it and replace it with a voucher. a voucher that would not even come close to buying you health care from a private insurance
and also the idea that the federal government can't have a deficit, it's crazy. the republicans have somehow adopted this and sold the american people that the most important thing facing this congress and country is to balance the federal budget. no, it's not. how about creating jobs? how about repairing our infrastructure? repairing our bridges and our highways and sewage treatment plans and all of that? how about investing in new energy projects and new medical advances and a cure for...
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Mar 22, 2013
03/13
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you want to call it, and $100 billion in stimulus spending in a budget you're trying to reduce the deficit. bill: i look forward to your show. >> exclusion sieve interview with rand paul irths he is living a quiet life these days. >> that's right. he is very much on the back burner. bill: thank you, chris. see you sunday morning. check out rand paul on sunday. heather. heather: the senate is expected to pick up the debate on the budget proposal from senator patty murray this week. it is due april 1st. it is almost four years, 1423 days, to be exact in case you're counting, since the senate last passed a budget resolution. that wasn't even a real budget. just a guideline. bill: you wonder, the point chris is making about senator corker, he says if the president goes out and sells it and give democrats cover when it comes to the enlightment idea perhaps he brings the two sides together. but as they stand right now they are miles apart. heather: miles apart. bill: three years since the president's controversial health care law was signed into law. and remember this. >> we have to pass the bil
you want to call it, and $100 billion in stimulus spending in a budget you're trying to reduce the deficit. bill: i look forward to your show. >> exclusion sieve interview with rand paul irths he is living a quiet life these days. >> that's right. he is very much on the back burner. bill: thank you, chris. see you sunday morning. check out rand paul on sunday. heather. heather: the senate is expected to pick up the debate on the budget proposal from senator patty murray this week....
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Mar 19, 2013
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the long-term budget deficit and the house is poised to take up congressman paul ryan's budget tomorrow. joining me right now republican congresswoman marsha blackburn of tennessee. i want to start by showing everybody the new poll numbers. both sides have taken a hit when it comes to the budget hit. 67% disapprove of the way the president has dealt with the budget. 79% disapprove of the republicans on this. people at home think it's just absolutely ridiculous. will those numbers push both sides to find a compromise before it's too late, before the numbers continue to go down any further? >> you. thomas, i think you're right. they do want to see a resolution to this and what they're wanting to see a resolution to first is the out of control spending. get this out of control spending under control. and that's what we hear from both sides of the aisle, from our constituents, regardless of whether they're democrat, independent, republican, libertarian, you name it. they say, washington spends too much. you don't have a revenue problem. you have a spending problem. get it all under control.
the long-term budget deficit and the house is poised to take up congressman paul ryan's budget tomorrow. joining me right now republican congresswoman marsha blackburn of tennessee. i want to start by showing everybody the new poll numbers. both sides have taken a hit when it comes to the budget hit. 67% disapprove of the way the president has dealt with the budget. 79% disapprove of the republicans on this. people at home think it's just absolutely ridiculous. will those numbers push both...
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Mar 18, 2013
03/13
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giants erased a 7-4 deficit and has some her row ricks. there was a three-run walkoff homer and giants win it big. 9-1 your final. a little golf and tennis coming up in the newscast and see you then. >> can't wait for the tennis wrap up from indian wells. >>> still to come on abc7 news at 11:00, just days away from his official installation, pope francis continues to show his humble side and grows legions of fans in the process. and new concerns about sea lion pups washing ashore this california. what is behind this disturbing new trend? and a business of a scoop from a pregnant duchess of cambridge. what she is saying today about the sex of her baby. we'll be right back. [ male announcer ] with citibank it's easy for jay to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citibank. makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. standard at citibank. i'm carolyn
giants erased a 7-4 deficit and has some her row ricks. there was a three-run walkoff homer and giants win it big. 9-1 your final. a little golf and tennis coming up in the newscast and see you then. >> can't wait for the tennis wrap up from indian wells. >>> still to come on abc7 news at 11:00, just days away from his official installation, pope francis continues to show his humble side and grows legions of fans in the process. and new concerns about sea lion pups washing ashore...
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Mar 23, 2013
03/13
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just calling about the obamacare and also about the deficit in the united states. my feeling is, many workers across america have lost their insurance and have lower wages because of company downsizing and lower profits. we still pay government workers high wages and give them excellent paid insurance. maybe it is time to decrease their wages and to make their -- make them have a payment they have to pay for their insurance -- [indiscernible] guest: interesting point you bring up about people losing their health insurance. in a bipartisan move in this budget, there is a directive to couch the effect of the number of people losing their health insurance because of obamacare. it was a republican sponsored saying -- thing. they will try to see how much it is occurring. host: the house approved the continuing resolution by 310- 109. 27 republicans and 82 republicans voted no. theye senate version, passed -- 20 republicans voted yes. the democrat of montana voted no. now that these two measures have been passed by the separate chambers, what happens next? guest: the cr
just calling about the obamacare and also about the deficit in the united states. my feeling is, many workers across america have lost their insurance and have lower wages because of company downsizing and lower profits. we still pay government workers high wages and give them excellent paid insurance. maybe it is time to decrease their wages and to make their -- make them have a payment they have to pay for their insurance -- [indiscernible] guest: interesting point you bring up about people...
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Mar 18, 2013
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you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >> all right. moving on to washington now. >> a lot nicer setting. >> president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. corker's position on sunday puts him at odds with other members of his party, including house speaker john boehner who's ruling out the prospect of any new taxes. >> i think there, by the way, is a chance on a deal. i know the president is saying the ri
you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >>...
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Mar 25, 2013
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>> the question is, dan, are we in a situation where we have to deal with deficit reduction tomorrow or whether we can deal with it on a basis of we can get there as we deal with stimulating the economy and bringing revenue back into the economy and deal with deficit rededuction at the same time. the aus ter citerity. >> it's for the austerity. >> if you do not get ahead of this problem, this entitlement crisis, this brewing entitlement crisis, we have time. we have time to get ahead of it now. if you look what happened in europe awe -- asaying your benefits are being cut tomorrow. >> but you've got to -- >> let me finish the point! not five or ten years from now, next month, your benefit is get slashed. if you do not get ahead of this that is what awe sistusterity l like now. >> i think what is he saying, though, if you stimulate the economy and provide jobs and infrastructure it will put resources into the system because you will be creating taxpayers and you'll be making it more solvent to deal with these problems. i think that is where the disagreement is. >> i had a really incit
>> the question is, dan, are we in a situation where we have to deal with deficit reduction tomorrow or whether we can deal with it on a basis of we can get there as we deal with stimulating the economy and bringing revenue back into the economy and deal with deficit rededuction at the same time. the aus ter citerity. >> it's for the austerity. >> if you do not get ahead of this problem, this entitlement crisis, this brewing entitlement crisis, we have time. we have time to...
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Mar 19, 2013
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FBC
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the average american wakes up in the morning, you tell me how he feels or she feels that deficit with the daily impact. you kind of hurt that a little bit and what the president living in that abc news interview as well. is that a new track for the democrats. >> first, they went too far with the fears of armageddon. the democrats overplayed their hand. on the other hand, it is the case that the ordinary american is in having a better life in their parents. they are worried about reform plans. they are uncertain and they are nervous. dagen: $17 trillion debt, the average american is not having the impact on the lives. >> i am disagreeing. the democrats overplayed their hand with fear. we have tepid economic growth. we are not seeing the revitalization of the economy on main street. connell: regular people -- >> so-called great rotation into stocks from bonds has not really happened to the degree people expected. a lot of ordinary people who were heavily invested in mutual funds have not come back. connell: doug, thank you. dagen: watch out for rising interest rates. that will be pain t
the average american wakes up in the morning, you tell me how he feels or she feels that deficit with the daily impact. you kind of hurt that a little bit and what the president living in that abc news interview as well. is that a new track for the democrats. >> first, they went too far with the fears of armageddon. the democrats overplayed their hand. on the other hand, it is the case that the ordinary american is in having a better life in their parents. they are worried about reform...
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Mar 19, 2013
03/13
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on the screen, $100 million general fund deficit by june of 2013. $14 billion in long-term liabilities, matt, you were referring to this, average unemployment rate of 18% over the past year. i mean, there's nothing good here. >> i mean, honestly, i hate to say this, but there's a point where you just bulldoze detroit. what can you do? you can't get people to move there, you can't get companies to work there. how about this stat? in detroit 400 liquor stores, zero chain supermarkets. bill: is that a fact? >> zero chain supermarkets in detroit. but 400 liquor stores. how do you get a company to come in there? >> and one of four houses have foreclosure filings. bill: both of you have reflected over time time now about the dysfunction in the government. >> yeah. bull bill so is the only way out for republican governor rick snyder to appoint a guy to say this is what i'm going to cut out, and this is how i'm going to get your house in order? is that the only -- >> >> that's where they're at right now. if not, they go to bankruptcy, and you will see all of your contracts cuts if you do not p
on the screen, $100 million general fund deficit by june of 2013. $14 billion in long-term liabilities, matt, you were referring to this, average unemployment rate of 18% over the past year. i mean, there's nothing good here. >> i mean, honestly, i hate to say this, but there's a point where you just bulldoze detroit. what can you do? you can't get people to move there, you can't get companies to work there. how about this stat? in detroit 400 liquor stores, zero chain supermarkets. bill:...
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Mar 18, 2013
03/13
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CNNW
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washington right now, can president obama and republicans reach a long-term agreement on reducing the deficit? >> the answer, different depending on which republican you ask. house speaker john boehner doesn't sound very hopeful. he's standing firm against the idea of increasing tax rates, increasing tax revenue. >> the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to be to balance the budget over the next ten years, i'm not sure we're going to get very far. and this is the whole issue. we have a spending problem here in washington, and it's time to solve the problem. >> we're hearing different things coming from various republicans, including senator bob corker. he's a republican of tennessee. he says he's optimistic about the possibility of what's called a grand bargain, and he's open to the idea of raising tax revenues to cut the deal under certain circumstances. senator corker's joining us now from capitol hill. senator, thanks very much for coming in. >> good to be with yo
washington right now, can president obama and republicans reach a long-term agreement on reducing the deficit? >> the answer, different depending on which republican you ask. house speaker john boehner doesn't sound very hopeful. he's standing firm against the idea of increasing tax rates, increasing tax revenue. >> the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to...
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Mar 20, 2013
03/13
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CSPAN
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we have a budget out today that a budget that reduces the deficit, creates jobs, ensures global peace and security. t fights a good fight often without a lot of recognition but just doing a good job. not speaking today on behalf congressional black caucus. we have to hold any president ccountable in terms of checks and balances. that is part of the three ranches of government, udiciary, executive and legislati legislative. we have a duty and ensure that y to people have a voice in their guest: let government. what the house of representatives is about. written to president obama and respectfully have sked him to really justify and give us the information about the asis upon which -- legal basis -- the use of drones is engaged in as a result of efforts. we are waiting for the response from them on that. think it is important we ask any president questions as members of congress, it is our responsibility to do that and to personally continue to do that. i think that it president has image changed america's and role in the world and is phenomenal job. but that doesn't mean i won't exerci
we have a budget out today that a budget that reduces the deficit, creates jobs, ensures global peace and security. t fights a good fight often without a lot of recognition but just doing a good job. not speaking today on behalf congressional black caucus. we have to hold any president ccountable in terms of checks and balances. that is part of the three ranches of government, udiciary, executive and legislati legislative. we have a duty and ensure that y to people have a voice in their guest:...